Analysis

November 13, 2023

The European spacetechs one small step away from unicorn status

The club of spacetech soonicorns is a small one — but the candidates are already taking off

Sadia Nowshin

2 min read

Some founders aren’t content with innovating life on Earth, and instead decide to set their sights a bit higher — and they’ve caught investors’ attention in Europe. Spacetech startups in Europe drummed up around $3.6bn at their 2021 peak, before dropping to $2.1bn last year. In 2023, as of September, funding had dipped to $1.2bn — but with 35 exits, it’s not too far behind 2022’s benchmark of 39 across the whole year, and has already bested 2021’s figure of 34. 

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Sadia Nowshin

Sadia Nowshin was a reporter at Sifted covering foodtech, biotech and startup life. Follow her on X and LinkedIn

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